Quotes from the letter
Here are a couple of great quotes from Berkshire Hathaway Vice chairman Charlie Munger from the letter:
“Patience can be learned. Having a long attention span and the ability to concentrate on one thing for a long time is a huge advantage.”
“You have to keep learning if you want to become a great investor. When the world changes, you must change.”
“If you don’t care whether you are rational or not, you won’t work on it. Then you will stay irrational and get lousy results.”
Do you agree?
The view and opinions of the author do not reflect the views of Moomoo Financial Inc. or any of its affiliates. The views and opinions of the author are provided for informational purposes only, do not constitute a recommendation of an investment strategy or to buy, sell, or hold any investment in any form, and are not research reports and should not be used to serve as the basis for any investment decision. All investments involve risk including the loss of principal and past performance does not guarantee future results.
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Johnnie Worker : Agree with the view that investment business is not like banking or retailing. Instead of placing bets everyday, you can wait for a long time until a great shot, then just deploy all your capital to the best opportunities, getting great returns.